| Sares Regis Group and Caltrain Land Approval for 191-Unit Res Development at the Hayward Park Train Station
In a public/private partnership, Sares Regis Group of Northern California (SRGNC) and Caltrain have gained approval from the San Mateo Planning Commission for a new apartment community called Hayward Park Transit Oriented Dev...
| Silicon Valley Medical Office Building Sells for $552/sf
A 35.3k sf medical office building in San Jose was purchased for $19.5 mil ($552/sf) by the property’s current tenant, El Camino Health. The building, located at 625 Lincoln Ave, was sold by The Sobrato Organization.
| Justin Grill Joins Newmark as Senior Managing Director
Justin Grilli, a 20-year real estate industry veteran, has joined Newmark as Senior Managing Director. Grilli joins Newmark’s Walnut Creek office where he will focus on representing developers, investors and tenants on leasin...
| Dollinger Properties Lands $97 Mil in Take-Out Financing on New Silicon Valley Office Building
Dollinger Properties has locked $97 mil of new permanent financing to retire construction debt for a 152k sf, four-story, LEED Gold certified office building in Sunnyvale’s Peery Park office district. The non-recourse, balanc...
| E&S Ring Lands $46 Mil of Refi Loans on Trio of Bay Area Res Properties
E&S Ring has secured $46 mil in refi loans on a three-property multifamily portfolio in Pleasanton, CA. The garden-style portfolio consists of a combined 274 units and features community amenities including swimming pools and...
| SummerHill Apartment Communities Wraps Up Work on New Multifamily Project in South San Francisco
Nine88, a new mixed-use, multifamily community situated in the heart of South San Francisco, has been completed and has officially opened its doors to the public. The 172-unit project, a development of SummerHill Apartment Co...
| SecureSpace Self Storage Buys 11-Property Portfolio Totaling 6,550 Units
In a national self-storage buy, SecureSpace Self Storage acquired an 11-property, best-in-class self-storage portfolio totaling 6,550 units in three high-performing real estate markets: the San Francisco Bay Area; Portland, O...
| SF Bay Area Ranked the 'Top Tech City' in North America
This summary on the San Francisco Bay Area’s tech market was provided by Robert Sammons, Research Director, Cushman & Wakefield
The region surrounding the San Francisco Bay remains the epicenter of the technology industry. I...
| Anne Hill and Nancy Babb Join RiverRock Real Estate Group
Anne Hill, RPA, CPM, and Nancy Babb, RPA, have both joined RiverRock Real Estate Group (RREG), a client-centric property and asset management firm. Both take on the position of Director.
Hill brings over 15 years of diverse...
| Oaktree Capital Management, L.P. and MG Properties Close $320 Mil San Jose Multifamily Acquisition
A joint venture made up of funds managed by Oaktree Capital Management, L.P. and MG Properties has purchased The Platform Urban Apartments, a 551-unit multifamily community in San Jose, in a $320 mil transaction. Completed in...
| Diversified Healthcare Trust Spends $82 mil on Bay Area Life Sciences Asset
Diversified Healthcare Trust (DHC) purchased Fremont Labs, a recently renovated, 89k sf Class A life sciences property in Fremont, for $82 mil ($921/sf).
Fremont Labs is positioned on a 4.7-acre site at 47071 Bayside Pkwy w...
| Bay Area Res Community Trades in $193 Mil Deal
MG Properties acquired Eleanor Apartments, a 333-unit community in the Bay Area city of Milpitas, for $193 mil, or $580k/unit. The property is located at 312 Gates Dr, just north of Montague Expy about midway between I-880 an...
| Five Fast Facts about the San Francisco Office Market
This report was provided by real estate services firm Cushman & Wakefield
1 – Office rents reached a new record high of 510,600 positions, up 7.9% YOY.
2 – VC funding was at $9.6B, the sixth highest quarterly figure on reco...
| Gemdale USA Lands $94 Mil in Financing for a 189-Unit Res Project in Pleasant Hill
Gemdale USA has obtained $94.3 mil in construction financing for development of a 189-unit, four-story, Class A multi-housing development located in downtown Pleasant Hill.
Situated at 85 Cleaveland Rd, the property is loca...
| California Capital & Investment Group Spends $38.5 Mil on Bay Area Office Building
California Capital & Investment Group has acquired The Terraces in Pleasant Hill, a six-story, 134.8k sf office property in Pleasant Hill, for $38.5 mil ($286/sf). The property was sold by Eagle Canyon Capital.
Located at 23...
| Two East Bay Sales Total $42.75 Mil
We’ve got two recent sales transactions from the East Bay to share, one for a self-storage facility in Fremont and the other for a multifamily community in Hayward. The deals totaled $42.75 mil and were brokered by Adam Levin...
| Commercial Financing Briefs
GANTRY - Mark Ritchie, Mike Wood and Alex Saunders with Gantry secured a $35.45 mil, fixed-rate, permanent loan to refinance a single tenant, five-story, 200k sf office building located at 1601 Lind Ave SW in the Seattle subu...
| San Jose Multifamily Development Lands $345 Refi Loan
Bayview Development Group has obtained a $345 mil refi on Miro, a Class A, two-tower, 630-unit, high-rise multi-housing community located in downtown San Jose.
The bold and modern designed, two-tower 28-story Miro features s...
| Novin Development Corporation Acquires 71-Unit Res Community in the Bay Area
Novin Development Corporation (NDC) acquired The Post, a 71-unit apartment community in the NoCal city of Pleasant Hill, for $23.15 mil ($326k/unit). The 40.8k sf apartment community acquisition was made possible through the ...
| Cogir-Led Venture Buys NoCal Assisted Living Facility
A joint venture between Cogir and a national investment partner spent $39.2 mil for Cortona Park, an assisted living community in Brentwood. Cogir will operate the community and has renamed it Cogir of Brentwood.